Shinhan Financial Group Partners with Solana for KRW Tokenized Fund Verification
Shinhan Asset Management, part of South Korea's Shinhan Financial Group, has signed a memorandum of understanding (MOU) with the Solana Foundation, infrastructure company Etherfuse, and decentralized exchange Orca to conduct a proof-of-concept experiment.
In a breaking news update, Shinhan Asset Management is building a KRW tokenized fund on Solana, modeled after BlackRock's BUIDL. The MOU among Solana Foundation, @etherfuse, and @orca_so targets the current $36 billion tokenized RWA market, which BCG predicts will reach $30 trillion by 2030.
Utilizing the public blockchain Solana, the project aims to verify the issuance and distribution model of a KRW tokenized fund aimed at overseas institutional investors. The planned fund will be backed by ultra-short-term bonds denominated in Korean won managed by Shinhan. It follows the structure of BlackRock's tokenized fund "BUIDL," managing investment shares tokenized on the blockchain.
The proof-of-concept will not only involve token issuance but also ensure on-chain liquidity, security audits, and compliance with domestic and international regulatory standards, including KYC (Know Your Customer) and AML (Anti-Money Laundering) procedures, covering the entire lifecycle from account opening to operation.
Proactive Approach Ahead of 2027 STO Legalization
This initiative is not aimed at immediate commercial sales but at establishing an operational framework in anticipation of market entry post-institutionalization.
In the South Korean National Assembly, a bill related to Security Token Offerings (STOs) has been passed and announced, with a preparation period set for implementation in February 2027.
Lee Seok-won, CEO of Shinhan Asset Management, has expressed the desire to quickly enter the market upon the enforcement of the regulations and to lead the domain of won-denominated digital finance.
Expanding RWA Market and Financial Institutions' Participation
The tokenization market for RWA (real-world assets) is experiencing rapid global growth. According to industry data, the RWA market, excluding stablecoins, has surpassed $36 billion (approximately 5.7 trillion yen) and is projected to reach several trillion dollars in the future. In South Korea, the Ministry of Economy and Finance is conducting proof-of-concept experiments for deposit tokens, advancing technical verification with public and private sector collaboration.
Shinhan Group, with approximately 133 trillion won (about 15 trillion yen) in managed assets, embarking on verification based on Solana is likely to be a significant step for traditional financial institutions in developing the on-chain market.
-- Price
This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.
You may also like

Crypto Whales Purchased 3 Altcoins in September

Chomp Completes $3.6 Million Financing Led by Jsquare and Blueyard

152 Wallets Earn $8 Million in Polymarket Military Betting

Exchange for New Crypto Listings: Where Coins Appear Faster, How Much It Costs to Enter, and How to Read Risk Labels

Wall Street put $7B into tokenized funds, but under 1% is actually being used in DeFi

DeFi Regulation Targets Discretion Rather Than Code: Tiger Research Analyzes SEC Statement Impact

The Long Tail Phenomenon of the Korean Exchange: Why is the Coin Listing Effect So Prominent?

Orca: Vercel potential leaked keys and deployment credentials have been rotated, protocols and user funds are unaffected

Orca CEO: Not affected by the Drift attack incident, user funds are safe

U.S. Oil (USOR) Price Prediction 2026–2030
Key Takeaways U.S. Oil (USOR) is a speculative Solana-based crypto project that aims to index the United States…

bbSOL TVL Surpasses $500 Million, Enters Solana's Top 10

Orca Launches Wavebreak Testnet Token Issuance Platform

Dark Pool DEX HumidiFi will launch its ICO on December 3rd on Jupiter

Orca Council Releases Governance Proposal to Buy Back ORCA with up to 55,000 SOL

2026's Most Wild DeFi Yield Strategies: No Betting on Explosive Growth, Just Harvesting On-Chain Speculation Fees

Bessent names digital assets among possible targets in Iran sanctions push
AI Wars II Is Here: WEEX Labs Launches Its Biggest Human vs. AI Trading Showdown Yet, Early Bird Round Opens Sept 3
WEEX Labs officially launches AI Wars II, the second season of its Human vs. AI trading championship. Early bird registration opens Sept 3-6, with the first 20,000 users sharing a 100,000 USDT prize pool. Register now.

Ethereum versus Solana: Which L1 captures more value?

Fables Points Program Ends in October: Is the 'Quick and Easy' US Stock Market Making Agreement Worth Participating?

Robinhood Chain Activity Surges as Microsoft Separately Discloses Azure Revenue and Broadcom Slips After Hours | WEEX TradFi Daily Brief (Sep. 3, 2026)
This brief focuses on Robinhood Chain’s sustained on-chain trading momentum and its direct revenue contribution to the Arbitrum ecosystem, Microsoft’s move to improve transparency around Azure and AI infrastructure revenue, and Broadcom’s growing tension between strong AI semiconductor growth and rising market expectations. Investors are also turning their attention to the U.S. August nonfarm payrolls report and Ciena’s earnings as the next tests for the macro rate path and AI networking demand.

What Challenges Does Stock Tokenization Face?

x402 Since Launch: 150 Million Transactions, Settlement Amounts, and a Review of Real-World Use Cases

Nonfarm Payrolls Preview Before Friday: How Will the Fed Choose Between Cooling Employment and Rising Inflation?

Countdown to Arc Mainnet: Where Will the First Batch of Traffic Flow?

London Stock Exchange Partners with Payward to Tokenize 100 UK Stocks

No Matter Whether Warsh Raises Rates or Not, He is Definitely One of Us

Despite Cryptocurrency Gains, Shareholders Remain Unsmiling: Kaiko Research Diagnoses Structural Limitations of DAT

Cornell University Survey: 90% Awareness of Bitcoin but Only 13% Understanding; Japan Reports Highest 'Difficult to Understand' Responses Among 25 Countries

What is short selling? The trading minute











